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S 2387 117th Congress Senate Taxation

Small Business Tax Fairness Act

Introduced: July 20, 2021 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2021
Read twice and referred to the Committee on Finance.
Jul 20, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Small Business Tax Fairness Act

This bill revises the tax deduction for qualified business income to limit eligibility for such deduction to individual taxpayers. It also modifies rules for calculating the amount of such deduction and limitations on it.

What's happening now July 20, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1